证券代码：600258 证券简称：首旅酒店 编号：临 2023-054 北京首旅酒店（集团）股份有限公司股东集中竞价 减持股份时间过半的进展公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●大股东持股的基本情况 截至本公告披露之日，携程旅游信息技术（上海）有限公司 （以下简称"携 程上海"）持有北京首旅酒店（集团）股份有限公司（以下简称"公司"或"首 旅酒店"）股份 136,866,331 股，占公司总股本的 12.23%。 ●集中竞价减持计划的进展情况 2023 年 4 月 18 日，公司披露了《北京首旅酒店（集团）股份有限公司 5%以上股东减持股份计划公告》临 2023-025 号，携程上海出于自身的资金需 要，通过集中竞价和大宗交易方式减持所持公司股份，减持数量不超过 33,565,400 股，即不超过首旅酒店总股本的 3%。其中：拟通过集中竞价方式减 持公司股份数量不超过 11,188,400 股，占公司总股本比例不超过 1%，且在任 意连续 90 个自然日内减持股份总数不超过公司总股本 ...

Financial Performance - In Q1 2023, the company achieved operating revenue of CNY 1,655,538,473.32, an increase of 36.57% compared to the same period last year[24] - The net profit attributable to shareholders was CNY 77,190,888.11, a significant recovery from a net loss of CNY 232,376,308.45 in the previous year[24] - The company achieved a total profit of 118.85 million yuan in the current period, an increase of 39.01 million yuan compared to the same period last year[41] - The net profit for Q1 2023 was 94,493,607.71, a significant recovery from a net loss of -246,175,706.79 in Q1 2022, representing a turnaround of approximately 138.3%[60] - Total revenue from operating activities increased to 1,983,399,137.65 in Q1 2023, compared to 1,158,203,093.56 in Q1 2022, marking a growth of about 71.1%[63] - Operating profit for Q1 2023 was ¥115,364,944.05, a turnaround from a loss of ¥275,973,170.33 in Q1 2022[77] - The company reported a net profit of ¥2,362,853.45, a significant recovery from a net loss of ¥23,468,754.70 in the same period last year[85] - Total profit for the quarter reached ¥5,582,867.71, a turnaround from a total loss of ¥28,764,819.83 in the previous year[85] Hotel Operations - The company's hotel business revenue reached CNY 1,469,397,400, an increase of 32.66% year-on-year, driven by the recovery in the business travel market[18] - The RevPAR (Revenue per Available Room) for all hotels in Q1 2023 was CNY 131, up 52.5% year-on-year, with an average daily rate (ADR) of CNY 214, an increase of 23.2%[21] - The company opened 210 new hotels in Q1 2023, a 10.53% increase compared to the same period last year, with a total of 1,907 signed and pending projects[15] - The RevPAR for all hotels in Q1 2023 recovered to 92.2% of the level in the same period of 2019, with economy hotels at 92.8% and mid-to-high-end hotels at 85.7%[47] - The total number of hotels in key regions (Beijing, Shanghai, Jiangsu, Zhejiang, Anhui, Tianjin, Shandong, Hebei, Guangdong, Sichuan, and Chongqing) is 3,723, accounting for 62.1% of the total[53] - The total number of hotels under the economy segment reached 1,936, with 1,651 directly operated and 1,295 franchised[35] - The company has signed and is in the process of signing 1,907 hotels that are not yet opened[44] Cash Flow and Assets - The net cash flow from operating activities increased by 737.15% to CNY 886,359,475.86 compared to the previous year[24] - As of March 31, 2023, the company's cash and cash equivalents amounted to approximately 1.46 billion yuan, an increase from 1.01 billion yuan at the end of 2022[54] - The company's cash and cash equivalents increased to 344,490,141.69 in Q1 2023 from 154,202,305.59 in Q4 2022, representing a growth of approximately 123.5%[64] - The total assets as of March 31, 2023, amounted to 25,498,709,825.54, slightly up from 25,448,187,601.16 at the end of 2022, reflecting a growth of about 0.2%[60] - The total liabilities increased to 3,000,000,000.00 in Q1 2023 from 2,800,000,000.00 in Q4 2022, indicating a rise of about 7.1%[60] Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,687, with the largest shareholder, Beijing Capital Tourism Group, holding 34.47% of shares[28] - Ctrip Travel Information Technology (Shanghai) Co., Ltd. is the second-largest shareholder, owning 12.31% of shares[28] Technology and Innovation - The company has accelerated the digital transformation of hotels, utilizing big data, artificial intelligence, and 5G technologies to enhance operational efficiency and management[33] - The company is committed to leveraging technology to improve operational efficiency and continue building smart hotels[40] - The company is actively promoting the construction of smart hotels to further enhance guest experience satisfaction[33] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[79] Membership and Customer Engagement - The company’s membership base reached 139 million by the end of the reporting period, reflecting a strong focus on customer engagement[17] - The company is focusing on enhancing member rights and satisfaction, which is expected to improve customer loyalty[33]

Financial Support and Capital Management - The company plans to obtain financial support from its controlling shareholder, Beijing Capital Tourism Group, and its affiliate, with a total estimated amount of up to 2.5 billion RMB, including up to 1 billion RMB from the group and up to 1.5 billion RMB from the financial company[4]. - The company will not implement cash dividends or capital reserve transfers to increase share capital for the fiscal year 2022 due to significant operational losses in its hotel business[16][32]. - The company has not engaged in any major related party transactions during the reporting period[3][33]. Operational Performance and Financial Results - The company has acknowledged the significant impact of the pandemic on its operations, leading to a substantial loss in 2022[16]. - The company's operating revenue for 2022 was approximately CNY 5.09 billion, a decrease of 17.29% compared to CNY 6.15 billion in 2021[43]. - The net profit attributable to shareholders for 2022 was a loss of approximately CNY 582.17 million, compared to a profit of CNY 55.68 million in 2021[43]. - The net cash flow from operating activities decreased by 35.35% to approximately CNY 1.49 billion in 2022 from CNY 2.31 billion in 2021[43]. - The total assets as of the end of 2022 were approximately CNY 25.45 billion, down 5.77% from CNY 27.01 billion at the end of 2021[43]. - The net assets attributable to shareholders decreased by 5.52% to approximately CNY 10.49 billion at the end of 2022 from CNY 11.10 billion at the end of 2021[43]. - The basic earnings per share for 2022 was -CNY 0.5215, compared to CNY 0.0560 in 2021[43]. - The weighted average return on equity for 2022 was -5.40%, down from 0.67% in 2021[43]. Employee and Operational Structure - The company has a total of 12,543 employees, including 412 in the parent company and 12,131 in major subsidiaries[15]. - The company is focusing on internal control effectiveness evaluations and plans to cover all enterprises within three years starting from 2022[14]. - The company has committed to ensuring the effectiveness of its internal control system by addressing issues identified during self-assessments[14]. Market Strategy and Future Plans - The company plans to focus on market expansion and new product development in the upcoming year[39]. - The company is exploring potential mergers and acquisitions to enhance its market position[39]. - The company aims to improve its occupancy rates and average daily rates through strategic marketing initiatives[39]. - The company plans to leverage its brand, scale, resources, and technology to enhance its core accommodation business and integrate various service sectors[83]. - The company is focusing on technological innovation to create smart and environmentally friendly hotels, maintaining a leading position in technology and innovation within the industry[90]. - The company plans to accelerate store openings and deepen penetration into lower-tier markets, while also enhancing the operational efficiency of existing assets[195]. Customer Engagement and Brand Development - The company launched the Yunik HOTEL brand, targeting the younger generation's demand for diverse and trendy hotel experiences[53]. - The company achieved operating revenue of 5,089.38 million yuan, a decrease of 1,063.71 million yuan or 17.29% compared to the same period last year[79]. - The company implemented a series of measures to stabilize operations and capture market share amid the pandemic, focusing on "development first, product-oriented, member-centric, and efficiency empowerment" strategies[72]. - The company is committed to enhancing member satisfaction and loyalty through continuous value creation and innovative engagement activities[75]. - The company aims to innovate its membership system and enhance customer loyalty by integrating hotel stays with ecological consumption and social interaction[195]. Risks and Challenges - The company faces significant risks from macroeconomic fluctuations, which could lead to reduced demand for business travel and leisure tourism, negatively impacting profitability[196]. - Rising operating costs, particularly in property leasing, labor, and energy, could adversely affect profitability if RevPAR does not increase correspondingly[196]. - There is a risk of impairment of goodwill and trademark assets from past acquisitions if the acquired entities perform poorly, which could negatively impact profitability[196]. Digital Transformation and Technological Advancements - The company has established a digital management system that integrates 5G, cloud computing, and AI, significantly improving operational efficiency[54]. - The company is committed to digital transformation and the application of smart technology to improve operational efficiency and guest experience[195]. Social Responsibility and Community Engagement - The company has been proactive in social responsibility, with 2,023 hotels requisitioned nationwide for medical staff and quarantine purposes[106].

网络交流说明会的公告 北京首旅酒店（集团）股份有限公司 关于召开 2022 年度业绩及 2022 年度利润分配预案 本公司董事会及除周红以外的董事、监事、高级管理人员保证内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。周红 董事无法保证本公告内容的真实性、准确性和完整性，理由是：周红董事因无法联系，无 法履职，未出席本次董事会，请投资者特别关注。 重要提示： ●会议召开时间：2023 年 04 月 13 日(星期四) 下午 16:00-17:00 ● 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） ●会议召开方式：上证路演中心网络互动 证券代码：600258 证券简称：首旅酒店 编号：临 2023-020 ●投资者可于 2023 年 04 月 06 日(星期四) 至 04 月 12 日(星期三)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 lixin@btghotels.com 进行提问。公司将在说明会上对投资者普遍关注的 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,507,268,562.52, representing a decrease of 4.72% compared to the same period last year[2]. - The net profit attributable to shareholders was ¥52,902,121.16, down 11.64% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥38,855,475.83, a decrease of 12.10% compared to the previous year[2]. - The company reported a total revenue of 383,780.67 million RMB for the first nine months of 2022, a decrease of 18.79% year-over-year[12]. - The total net loss attributable to shareholders for the first nine months of 2022 was 33,103.86 million RMB, with a loss of 39,630.11 million RMB after excluding non-recurring items[13]. - The basic earnings per share for the first three quarters was -0.2966, compared to 0.1276 in the same period of 2021[31]. - The company reported a total comprehensive loss of CNY 386,026,815.15, compared to a total comprehensive income of CNY 105,124,645.82 in the same period of 2021[31]. Assets and Liabilities - The total assets at the end of the reporting period were ¥26,223,628,017.97, a decrease of 2.90% from the end of the previous year[4]. - The total current assets amounted to CNY 3,666,269,592.37, a decrease of 7.2% from CNY 3,952,258,744.62 on December 31, 2021[27]. - The total liabilities amounted to CNY 15,300,628,822.42, a decrease from CNY 15,684,295,523.29, reflecting a decline of 2.4%[29]. - The total equity attributable to shareholders decreased to CNY 10,754,003,750.01 from CNY 11,101,050,771.94, a reduction of 3.1%[29]. - The total non-current assets were reported at CNY 22,557,358,425.60, down from CNY 23,053,599,496.40, indicating a decrease of 2.1%[28]. - The total cash and cash equivalents decreased to CNY 1,216,868,895.54 from CNY 3,180,563,862.33, representing a decline of 61.7%[27]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥1,115,564,400.09, down 38.15% compared to the same period last year[6]. - Operating cash flow for the first three quarters was CNY 1,115,564,400.09, a decrease of 38.2% compared to CNY 1,803,569,568.91 in the previous year[33]. - The total cash outflow from investment activities reached ¥4,091,657,163.05, significantly higher than ¥1,387,969,110.20 in the previous year, resulting in a net cash flow from investment activities of -¥1,966,117,882.52 compared to -¥401,345,010.61[34]. - The company reported a net cash outflow of ¥1,940,777,642.13 in cash and cash equivalents, compared to a smaller outflow of ¥46,102,641.37 in the previous year[34]. Hotel Operations - The company's hotel business revenue decreased by ¥779,437,100, or 17.45%, due to the impact of the pandemic[6]. - In Q3 2022, the company's RevPAR recovered to 67% of the same period in 2019, achieving a single-quarter profit despite ongoing pandemic impacts[10]. - The company opened 279 new hotels in Q3 2022, with 63 being mid-to-high-end hotels, representing 22.58% of new openings, and 193 being light management hotels, accounting for 69.18%[10]. - As of September 30, 2022, the total number of hotels reached 5,888, with 1,496 mid-to-high-end hotels, making up 25.4% of the total hotel count[14]. - The RevPAR for all hotels in Q3 2022 was 116 RMB, a decrease of 5.9% year-over-year, with an average room rate of 192 RMB, down 4.0% year-over-year, and an occupancy rate of 60.5%, down 1.2 percentage points year-over-year[20]. - The company has signed and is in the process of signing 2,046 reserve projects, an increase of 157 projects from the end of Q2 2022[10]. Strategic Initiatives - The company is advancing its smart hotel initiatives, enhancing operational efficiency through digitalization and contactless services[11]. - The company aims to strengthen its mid-to-high-end hotel offerings and expand into high-end and luxury segments to meet evolving market demands[11]. - The company has been proactive in supporting franchisees, with 1,653 hotels requisitioned for pandemic-related accommodations, and 501 still in requisition status[12]. - The company plans to continue expanding its hotel network, focusing on light management and franchising strategies[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,703[7]. - The largest shareholder, Beijing Capital Tourism Group Co., Ltd., held 34.47% of the shares[7].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2022, representing a 15% year-over-year growth[7]. - The company's operating revenue for the first half of 2022 was ¥2,330,538,111.08, a decrease of 25.88% compared to the same period last year[14]. - The net profit attributable to shareholders was -¥383,940,710.81, compared to a profit of ¥65,212,414.75 in the previous year[14]. - The total profit for the company was -491.54 million yuan, a decrease of 58.96 million yuan compared to the previous year[39]. - The company's revenue for the first half of 2022 was 2,330.54 million yuan, a decrease of 25.88% compared to the same period last year[39]. - The net profit for the first half of 2022 was a loss of approximately ¥425.86 million, compared to a profit of ¥62.02 million in the same period of 2021, indicating a significant decline[149]. - The total comprehensive income for the first half of 2022 was a loss of approximately ¥419.43 million, compared to a profit of ¥62.04 million in the same period of 2021[149]. - The company reported a significant increase in credit impairment losses, amounting to approximately ¥27.08 million in the first half of 2022, compared to ¥2.49 million in the previous year[149]. Operational Metrics - The occupancy rate (Occ) improved to 75% during the reporting period, up from 65% in the same period last year, indicating a recovery in hotel operations[7]. - Average Daily Rate (ADR) increased to 500 RMB per room, a 10% increase compared to the previous year, reflecting better pricing power[7]. - Revenue Per Available Room (RevPAR) reached 375 RMB, marking a 20% increase year-over-year, showcasing enhanced operational efficiency[7]. - The RevPAR for all hotels in Q2 2022 was 91 RMB, a decrease of 38.7% year-on-year, with an average room rate of 181 RMB, down 12.3%[45]. - The occupancy rate for all hotels in Q2 2022 was 50.3%, a decline of 21.7 percentage points compared to the previous year[45]. - The hotel operation model accounted for 69.49% of the company's revenue, while the hotel management model contributed 25.06%, an increase of 1.12 percentage points compared to 2021[23]. - The company opened 342 new hotels during the reporting period, increasing the total number of reserved hotels to 1,889[32]. - The number of hotels operated by the company reached 5,942, with a total of 473,199 rooms as of June 30, 2022[41]. Strategic Initiatives - The company plans to expand its hotel network by opening 30 new hotels by the end of 2023, focusing on key urban areas[7]. - Investment in technology and new product development is set to increase by 25% in 2023, aimed at enhancing customer experience through AI-driven services[7]. - The company has outlined a strategic goal to achieve a 10% market share in the budget hotel segment by 2025[7]. - The company plans to enhance brand value by integrating new lifestyle concepts such as "e-sports," "coffee," and "social" into hotel spaces[34]. - The company aims to leverage the recovery of tourism and business travel demand as pandemic restrictions ease, focusing on cost control and revenue growth[31]. - The company is focusing on hotel upgrades and brand enhancement to improve operational efficiency and brand image[53]. Financial Health - The total assets at the end of the reporting period were ¥26,649,405,420.77, a decrease of 1.32% from the end of the previous year[14]. - The basic earnings per share for the first half of 2022 was -¥0.3440, compared to ¥0.0666 in the same period last year[15]. - The weighted average return on net assets was -3.52% for the first half of 2022, down from 0.81% in the previous year[15]. - The company's total liabilities increased by 23.35% to ¥1,769,109,871.63 for current non-current liabilities[65]. - The company's cash and cash equivalents decreased by 56.77% to ¥1,374,854,065.55, accounting for 5.16% of total assets[65]. - The company's long-term borrowings decreased by 97.44% to ¥10,200,000.00, as part of a strategy to reduce financing costs[65]. - The company's total equity attributable to the parent company decreased to CNY 10,698,224,266.81 from CNY 11,101,050,771.94, a decline of 3.63%[143]. Risk Management - The company has identified several risk factors in its management discussion, emphasizing the need for strategic risk management practices[2]. - The company faces risks from adverse economic conditions, including the impact of the COVID-19 pandemic on the tourism and hotel industries, which may affect profitability[76]. - The company's financial performance is sensitive to economic cycles, with potential impacts from structural differences in regional economic recovery post-pandemic[76]. Sustainability and Corporate Responsibility - The company emphasizes innovation in technology, implementing AI revenue forecasting and smart hotel solutions to enhance guest experiences[30]. - The company is committed to creating green and smart hotels, integrating sustainable practices and advanced technology into its operations[30]. - The company achieved a 100% coverage of energy-saving light sources in its stores, saving 460 million kWh of electricity over the past five years, equivalent to 184,000 tons of standard coal and reducing carbon dioxide emissions by 458,000 tons[89]. - The company has implemented measures to reduce carbon emissions, including the promotion of energy-efficient new products and equipment[89]. - The company has actively engaged in corporate social responsibility, aligning its development with sustainable practices[87]. Shareholder and Governance - The company has not proposed any profit distribution plan for the reporting period, indicating a focus on reinvestment for growth[2]. - The company’s independent directors have consistently provided independent opinions on the incentive plan adjustments, ensuring compliance with regulations[84]. - The company has not reported any significant changes in shareholder structure or major contracts during the reporting period[125]. - The largest shareholder, Beijing Capital Tourism Group Co., Ltd., holds 385,677,344 shares, representing 34.39% of total shares[131].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,212,215,051.02, a decrease of 4.64% compared to ¥1,271,193,020.88 in the same period last year[3] - The net profit attributable to shareholders of the listed company was -¥232,376,308.45, reflecting a significant loss due to the impact of the pandemic[3] - The net cash flow from operating activities decreased by 47.11%, amounting to ¥105,877,831.91, primarily due to reduced revenue and slow recovery of hotel requisition payments[6] - The basic and diluted earnings per share were both -¥0.2081, indicating a loss per share compared to -¥0.1859 in the previous year[3] - The company reported a total profit of -CNY 27,125.01 million, an increase in loss of CNY 5,380.56 million year-on-year[16] - The total comprehensive income for Q1 2022 was a loss of ¥246,344,613.37, compared to a loss of ¥191,904,638.86 in Q1 2021[32] Revenue Breakdown - The company's hotel business revenue declined by ¥45,988,100, a decrease of 3.99%, while the scenic area operation revenue fell by ¥12,989,800, a decrease of 11.05%[6] - In Q1 2022, the company's total revenue was CNY 121,221.51 million, a decrease of CNY 5,897.80 million or 4.64% year-on-year[16] - The hotel business revenue was CNY 110,763.71 million, down CNY 4,598.81 million or 3.99% compared to the previous year[16] Asset and Equity Changes - Total assets at the end of Q1 2022 were ¥26,321,768,201.20, down 2.53% from ¥27,005,858,241.02 at the end of the previous year[4] - The equity attributable to shareholders of the listed company decreased by 2.08%, totaling ¥10,869,596,298.48[4] - Total current assets decreased from approximately 3.95 billion to 3.36 billion RMB, a decline of about 15% year-over-year[29] - The company's total assets decreased from approximately 27.01 billion to 26.32 billion RMB, a reduction of about 2.6%[30] Hotel Operations - As of March 31, 2022, the company operated 5,993 hotels, including 1 overseas, with a total of 478,819 rooms[16] - The number of mid-to-high-end hotels reached 1,426, accounting for 23.8% of total hotels, with 156,042 rooms, representing 32.6% of total room count[16] - The company opened 190 new stores in Q1 2022, maintaining growth compared to the same period in 2021, with 57 new mid-to-high-end hotels, making up 30.0% of new openings[10] - The company signed and reserved 1,827 projects, supporting its annual store opening plan[10] - The company reported a total of 3,630 mature hotels (operating for over 18 months) as of March 31, 2022, with a RevPAR of 88 RMB, down 10.5% year-over-year[25] Cash Flow and Financing - The company issued CNY 600 million in short-term financing, with a rate of 2.75%, to reduce financial costs[15] - The cash inflow from financing activities was 1,208,629,856.81 RMB, compared to 1,315,900,000.79 RMB in the previous period, indicating a reduction in financing activities[34] - The company reported a net cash flow from investing activities of -196,903,198.12 RMB, a decrease from 101,811,565.51 RMB in the previous period, indicating a significant decline in investment returns[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,885[7] - The largest shareholder, Beijing Capital Tourism Group Co., Ltd., held 34.39% of the shares, totaling 385,677,344 shares[7] Membership and Social Responsibility - The company increased its membership to 134 million by March 31, 2022, through offline and online initiatives[14] - The company actively took social responsibility by providing accommodation for over 1,000 hotels during the pandemic[11]

Financial Performance - In 2021, the company achieved operating revenue of CNY 6,153,086,628.43, representing a year-on-year increase of 16.49% compared to CNY 5,281,880,485.31 in 2020[14]. - The net profit attributable to shareholders of the listed company was CNY 55,676,902.32, a significant recovery from a net loss of CNY 496,005,290.39 in 2020[14]. - The company reported a net cash flow from operating activities of CNY 2,308,314,728.57, an increase of 424.81% compared to CNY 439,835,191.92 in the previous year[14]. - The total assets of the company at the end of 2021 reached CNY 27,005,858,241.02, marking a 62.37% increase from CNY 16,632,574,591.32 at the end of 2020[14]. - The company successfully turned around its performance, achieving a basic earnings per share of CNY 0.0560 in 2021, compared to a loss of CNY 0.5074 per share in 2020[15]. - The company maintained a weighted average return on equity of 0.67% in 2021, recovering from a negative 5.72% in 2020[15]. - The company reported non-recurring gains of CNY 44,731,093.36 in 2021, reflecting various non-operational income sources[18]. - The company’s net assets attributable to shareholders increased by 32.47% to CNY 11,101,050,771.94 at the end of 2021, compared to CNY 8,380,002,205.19 at the end of 2020[14]. Operational Highlights - The company opened 1,418 new hotels in 2021, a 56.0% increase year-over-year, achieving its store opening target for the year[22]. - The number of mid-to-high-end hotels increased to 276 in 2021, with their revenue contribution rising from 42.3% in 2020 to 46.9% in 2021[22]. - 98.1% of new stores in 2021 were opened through franchising, increasing the proportion of franchised stores to 87.3% by the end of 2021[23]. - The company launched 954 new hotels under its light management model in 2021, accounting for 67.3% of total new openings, a 24.8% increase from the previous year[24]. - The total number of members reached 133 million by the end of 2021, representing a 6.4% year-over-year growth[29]. - The company invested CNY 435.48 million in hotel upgrade projects in 2021, an 8.1% increase year-over-year[25]. - The company executed its annual store opening plan successfully, despite challenges posed by sporadic COVID-19 outbreaks in the second half of the year[21]. Market Position and Strategy - The company emphasizes its focus on economic hotels, targeting budget travelers and small to medium-sized business clients[6]. - The company has a strong brand presence in the hotel industry, with a focus on chain hotels and franchise operations[6]. - The company operates under a centralized reservation system (CRS) to enhance booking efficiency across its hotel network[6]. - The company aims to enhance customer experience through the launch of the "UrCove" brand, which has received high praise since its inception[27]. - The company plans to leverage its brand and resources to integrate various service sectors, aiming to create a customer value ecosystem centered around accommodation[42]. - The company plans to open 1,800 to 2,000 new hotels in 2022, focusing on expanding its market share in third to fifth-tier cities[100]. Financial Management and Investments - The company issued short-term financing bonds totaling 1.3 billion yuan in 2021, with interest rates of 2.90%, 3.10%, and 3.09%, effectively reducing financial costs by replacing higher-rate bank loans[34]. - The company successfully completed a private placement of shares, raising 3 billion yuan to improve its capital structure and lower the debt-to-asset ratio, laying a solid foundation for long-term development[34]. - The company’s financial expenses surged by 482.98% to CNY 522,063,489.48, compared to CNY 89,551,425.35 in the previous year, indicating increased financing activities[50]. - The company’s total assets and risk resistance capabilities improved due to successful financing through short-term bonds and private placements[50]. - The company has received financial support from its controlling shareholder, with a total expected amount of up to CNY 2.5 billion for various funding needs[183]. Corporate Governance - The company completed the election of the new board of directors and supervisory board, ensuring a solid talent foundation for the "14th Five-Year" strategic development plan[108]. - The company has established specialized committees within the board, including an audit committee and a strategic committee, to enhance governance[131]. - The company’s board of directors and supervisory board underwent a complete re-election on September 24, 2021[114]. - The company has maintained a stable leadership structure, with no significant changes reported in the current management team during the reporting period[121]. - The total remuneration for all directors, supervisors, and senior management amounted to CNY 17.2643 million[122]. Sustainability and Social Responsibility - The company achieved a 100% coverage rate of energy-saving LED lighting, saving 460 million kWh of electricity over the past five years, equivalent to 184,000 tons of standard coal and reducing CO2 emissions by 458,000 tons[156]. - The company actively promotes the use of eco-friendly materials in hotel renovations, significantly reducing construction noise and dust pollution while shortening construction time by one-third[159]. - The company is committed to rural revitalization, signing contracts to support four villages in Jin Hai Lake to enhance collective economic income, with a focus on purchasing local agricultural products[164]. - The company has actively engaged in consumption poverty alleviation, purchasing nearly 10 million yuan worth of food from poverty-stricken areas[165]. Risks and Challenges - The company faces risks from economic uncertainties, including the impact of the pandemic on tourism and hotel operations, as well as high fixed costs associated with the industry[105]. - The macroeconomic environment in 2021 showed a GDP growth of 8.1%, with a focus on stabilizing growth and expanding domestic demand in 2022[37].

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,581,879,312.93, a decrease of 5.38% compared to the same period last year[2]. - The net profit attributable to shareholders was ¥59,872,898.54, down 57.25% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥44,202,596.22, a decrease of 66.66% compared to the previous year[2]. - The basic earnings per share for Q3 2021 was ¥0.0610, down 57.33% year-on-year[3]. - The total profit for the company from January to September 2021 was 165.33 million RMB, an increase of 842.16 million RMB compared to the same period last year[15]. - The net profit attributable to shareholders for the first nine months of 2021 was 125.09 million RMB, an increase of 680.10 million RMB year-over-year, with earnings per share of 0.1276 RMB, up 0.6953 RMB year-over-year[15]. - Operating profit for Q3 2021 was ¥162,673,606.24, compared to a loss of ¥669,381,393.29 in Q3 2020, indicating a strong turnaround[31]. - The company reported a total comprehensive income of ¥105,124,645.82 for Q3 2021, recovering from a loss of ¥595,479,379.34 in the same quarter last year[32]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date was ¥1,803,569,568.91, an increase of 939.15% compared to the previous year[3]. - The company's cash and cash equivalents as of September 30, 2021, were approximately 1.33 billion RMB, down from 1.37 billion RMB at the end of 2020[26]. - The company’s cash and cash equivalents at the end of Q3 2021 totaled ¥1,307,052,969.82, down from ¥1,017,106,337.81 at the end of Q3 2020[36]. - The company incurred a net cash outflow from investing activities of ¥401,345,010.61 in Q3 2021, an improvement from a net outflow of ¥691,744,369.39 in Q3 2020[35]. - The total assets at the end of the reporting period were ¥25,287,860,449.07, an increase of 52.04% from the end of the previous year[3]. - Cash and cash equivalents increased to ¥188,673,423.66 in Q3 2021 from ¥145,555,950.84 in Q3 2020, reflecting a growth of about 29.5%[30]. - The company reported a long-term receivables increase to ¥301,937,078.77 in Q3 2021 from ¥153,784,276.57 in Q3 2020, representing a growth of approximately 96%[30]. Liabilities and Equity - Current liabilities totaled ¥6,325,389,633.14 in Q3 2021, compared to ¥4,894,382,149.33 in Q3 2020, representing an increase of approximately 29%[28]. - Non-current liabilities rose to ¥10,533,893,819.28 in Q3 2021 from ¥3,102,780,174.63 in Q3 2020, indicating a significant increase of about 239%[28]. - The total equity attributable to shareholders decreased to ¥8,184,514,942.54 in Q3 2021 from ¥8,380,002,205.19 in Q3 2020, a decline of approximately 2.3%[29]. - The company’s short-term borrowings surged to ¥1,581,337,222.30 in Q3 2021, compared to ¥600,000,000.00 in Q3 2020, indicating an increase of about 163%[28]. Market and Operational Developments - The company plans to continue expanding its market presence and developing new products in response to the recovery in performance[2]. - The company opened 325 new hotels in Q3 2021, including 70 mid-to-high-end hotels, bringing the total number of hotels to 5,455 as of September 30, 2021[18]. - The company has a total of 1,838 signed but not yet opened hotels, an increase of 239 from the end of Q2 2021, setting a new historical high[15]. - The company launched the "Shoumi Global Purchase" platform on September 16, 2021, which offers global products with advantages of "genuine products" and "zero tariff delivery" for members[15]. - The company plans to improve its asset structure and accelerate strategic development through a non-public stock issuance approved by the China Securities Regulatory Commission[15]. - The company aims to open 1,400 new hotels in 2021, supported by the historical high of signed projects[15]. - The company plans to continue expanding its hotel network, focusing on both direct management and franchising models to enhance market presence[24]. Performance Metrics - In Q3 2021, the company's RevPAR reached 124 RMB, a decrease of 0.6% year-over-year, with an average daily rate of 201 RMB, up 12.4% year-over-year, and an occupancy rate of 61.7%, down 8.1 percentage points year-over-year[19]. - The company reported a total of 5,454 hotels in China, with a total room count of 457,140, where hotels in Beijing, Shanghai, and surrounding regions accounted for 61.4% of the total hotel count[25]. - The average room rate for economy hotels in Q3 2021 was 166 RMB, reflecting an 11.1% increase year-over-year, while the occupancy rate was 64.8%, down by 8.8 percentage points[22]. - The total number of economy hotels was 2,154, with a RevPAR of 108 RMB, which represented a 2.2% decrease year-over-year[22]. - The occupancy rate for mid-range hotels was 59.9%, down by 7.8 percentage points year-over-year, with a RevPAR of 166 RMB, a decrease of 3.9% year-over-year[22].

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching CNY 1.2 billion, representing a year-on-year growth of 25%[9]. - The company's operating revenue for the first half of 2021 was CNY 1,904,463,930.39, representing a year-on-year increase of 65.09%[14]. - The company achieved a revenue of 3.144 billion yuan in the first half of 2021, a year-on-year increase of 65.09%, and a net profit of 65.21 million yuan, up 109.38%[31]. - The net profit attributable to shareholders was a loss of CNY 695,070,393.76, which is a deterioration of 109.38% compared to the same period last year[14]. - The company reported a net profit attributable to shareholders of approximately ¥49.24 million for the first half of 2021, a significant increase of 106.98% compared to a loss of ¥705.37 million in the same period last year[135]. - The company reported a net cash flow from operating activities of approximately CNY 1.10 billion, a significant recovery from a negative cash flow of CNY 252 million in the previous year[61]. - The company reported a total of CNY 12 million in expected daily related transactions for 2021, with CNY 4.37 million already incurred by June 30, 2021[116]. Market and Operational Insights - The occupancy rate for the hotels improved to 65%, up from 50% in the same period last year, indicating a recovery in demand[9]. - Average Daily Rate (ADR) increased to CNY 450 per room, a rise of 15% compared to the previous year[9]. - Future guidance indicates an expected revenue growth of 30% for the second half of 2021, driven by increased travel demand[9]. - The domestic tourism market is recovering, with a 153% increase in domestic tourist numbers compared to the same period last year, reaching 2.355 billion visitors[21]. - The RevPAR (Revenue per Available Room) recovered to 91.5% of 2019 levels in Q2 2021, reflecting a significant recovery in the hotel industry as travel demand increased[31]. - The company aims to leverage its brand and resources to create a customer value ecosystem integrating accommodation, dining, transportation, entertainment, and shopping[20]. Expansion and Development Plans - The company plans to expand its hotel network by opening 20 new hotels by the end of 2022, focusing on key urban areas[9]. - The company aims to open 1,400-1,600 new stores in 2021, despite challenges from regional pandemic outbreaks[32]. - The company opened 508 new stores in the first half of 2021, a 103% increase year-over-year, with a total of 1,599 reserve stores, over 40% of which are mid-to-high-end hotels[32]. - The company is focusing on innovation by developing a smart hotel IoT control platform (PIOS) to enhance guest experience through personalized and intelligent services[30]. - The company is actively upgrading mid-to-high-end hotels and transforming existing economy hotels to improve operational efficiency[56]. Financial Position and Liabilities - The total assets at the end of the reporting period were CNY 16,632,574,591.32, reflecting a 50.41% increase compared to the end of the previous year[14]. - The company's total liabilities increased, with short-term borrowings rising by 63.54% to ¥981.26 million, reflecting increased financing needs[68]. - The company's total liabilities reached CNY 16,640,326,659.85, compared to CNY 7,997,162,323.96, marking a significant increase of around 108.5% year-over-year[140]. - The company's financial expenses increased by 613.24% to approximately CNY 267.68 million, primarily due to new leasing standards and interest on lease liabilities[61]. - The company’s debt-to-asset ratio increased to 66.52%, up 18.43% from 48.08% at the end of the previous year, also attributed to changes in leasing standards[135]. Environmental and Social Responsibility - The company has committed to creating green and environmentally friendly hotels by promoting energy-saving products and using eco-friendly materials[30]. - The company achieved a 100% coverage of energy-saving LED lighting in its stores, saving 460 million kWh of electricity over the past five years, equivalent to 184,000 tons of standard coal and reducing CO2 emissions by 458,000 tons[92]. - The company has implemented a "green hotel" initiative, promoting the use of eco-friendly materials and reducing single-use items, which has led to a significant decrease in the consumption of guest supplies[93]. - The company is actively participating in rural revitalization efforts, with 39.42% of its cafeteria purchases being from poverty alleviation products[96]. Strategic Initiatives and Management - The company has no plans for major acquisitions in the near term but is exploring strategic partnerships to enhance service offerings[9]. - The management highlighted the importance of maintaining cost control measures, which have improved the operating margin to 18%[9]. - The company aims to strengthen its market position through strategic initiatives focused on product innovation, member engagement, and operational efficiency[31]. - The company has established a strong IT system to support efficient management and service in chain hotels, including online booking and mobile management applications[28]. Risks and Challenges - The company faces significant risks due to adverse economic conditions, including the ongoing impact of the COVID-19 pandemic, which has affected the recovery of the hotel market and extended the time for business operations to return to normal levels[83]. - The profitability of the tourism industry is closely correlated with the economic cycle, and structural differences in regional economic recovery due to the pandemic may significantly impact the company's profitability[83]. - The company reported that the recovery of consumer spending in the hotel market remains unstable, influenced by the emergence of new COVID-19 variants in certain regions[83].